German imports from China up 20.4 pct y-o-y in August: Destatis
Updated: October 9, 2021 Source: Xinhuanet.com
A Mercedes-Benz Arocs 8X8 vehicle is seen at the Automobile exhibition area during the third China International Import Expo (CIIE) in Shanghai, east China, Nov. 5, 2020. (Xinhua/Wang Xiang)
China remained Germany's biggest single import market in August, the German Federal Statistical Office (Destatis) said on Friday citing provisional data. The volume of goods bought by Germany from China increased by 20.4 percent year-on-year.
The value of German goods imports from China reached 11.4 billion euros (13.2 billion U.S. dollars), while that of the country's total imports climbed to 93.8 billion euros in August, up 3.5 percent month-on-month and 18.1 percent year-on-year, according to Destatis.
The volume of German exports to China rose by 4.4 percent year-on-year to 7.6 billion euros.
Although total exports were still above last year's level, German exports in August declined by 1.2 percent month-on-month to 104.4 billion euros, according to Destatis.
"Problems in global supply chains, high logistics costs and unresolved trade disputes are darkening the economic skies and subsequently having a massive impact on exports," Joachim Lang, director general of the Federation of German Industries (BDI), said in a statement on Friday. (1 euro = 1.16 U.S. dollar)
Editor: Tian Shenyoujia
